Transactions
September 24 2019
KippsDeSanto & Co. Advises CWPS on its Sale to Red River
KippsDeSanto & Co. is pleased to announce the sale of its client, Computer Word Processing Systems, Inc. (“CWPS” or the “Company”), to Red River Technology, LLC (“Red River”).
Headquartered in Chantilly, VA, CWPS is a leading technology solutions provider specializing in managed services ranging from complex network, collaboration, data center, cloud management and security through Tier 1 service desk capabilities. The Company was a first-mover toward building an expertise in managed cloud services, shifting over time from unified communications to services in major cloud platforms including Microsoft Azure, Office 365, and Amazon Web Services (“AWS”).
This acquisition strengthens Red River’s position as a cloud services provider, expands and enhances its geographic managed services portfolio footprint within the Mid-Atlantic and Southeast regions, and provides Red River an additional 24×7 Network Operations Center (“NOC”).
We believe this investment demonstrates several key trends in the managed services market:
• Strong demand for technology-driven, next-generation managed and cloud service companies;
• Continued focus on high-growth oriented firms with proven scale and past performance, and sustainable, recurring revenue and profitability; and
• Significant value attributed to deeply-embedded customer relationships and market know-how
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
KippsDeSanto & Co. is pleased to announce the sale of its client, Computer Word Processing Systems, Inc. (“CWPS” or the “Company”), to Red River Technology, LLC (“Red River”).
Headquartered in Chantilly, VA, CWPS is a leading technology solutions provider specializing in managed services ranging from complex network, collaboration, data center, cloud management and security through Tier 1 service desk capabilities. The Company was a first-mover toward building an expertise in managed cloud services, shifting over time from unified communications to services in major cloud platforms including Microsoft Azure, Office 365, and Amazon Web Services (“AWS”).
This acquisition strengthens Red River’s position as a cloud services provider, expands and enhances its geographic managed services portfolio footprint within the Mid-Atlantic and Southeast regions, and provides Red River an additional 24×7 Network Operations Center (“NOC”).
We believe this investment demonstrates several key trends in the managed services market:
• Strong demand for technology-driven, next-generation managed and cloud service companies;
• Continued focus on high-growth oriented firms with proven scale and past performance, and sustainable, recurring revenue and profitability; and
• Significant value attributed to deeply-embedded customer relationships and market know-how
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
We prioritize your privacy. We do not sell your information and will only send occasional, relevant emails.
Copyright © 2025 KippsDeSanto & Co.
All Rights Reserved